Civil unrest in Egypt, in particular, and other Middle-eastern and some African countries has been blamed for causing further investor outflows from emerging markets in recent weeks. (more…)
CalPERS will separate its real estate assets into legacy and new portfolios, as part of a new strategic plan for the asset class that more accurately reflects its evolved role as a result of the fund’s recent asset liability study.
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It’s not really news but it’s comforting to have your observations confirmed when the annual Global Pension Asset Study is published. The Towers Watson report for 2010 shows a hiatus in the swing away from equities, stronger growth in Asia-Pacific than elsewhere, and a greater focus on risk by the major funds in the world’s top 13 pension markets.
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Subjecting money market funds to a bank-like regulatory structure would disrupt the short-term money market and increase systematic risk according to this Yale Law School paper. While risk-limiting reforms are important to ensure the continued safety and security of MMFs, this paper argues major revisions such as the floating NAV requirement or bank-like regulation would destabilise an industry that has been remarkably stable. (more…)
The Bolivian Government will nationalise the privately run pension system, with new pension reform law due to be implemented half way through this year. It follows reform from its southern neighbour, Argentina, which nationalised its $24 billion pension fund industry two years ago.
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A mindset change that sees assets allocated according to risk, not capital, as well as the physical splitting of the three separate funds it manages, is setting up the Swiss Federal Social Security Fund for a stimulating year. Amanda White spoke to managing director, Eric Breval.
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